On Saturday, 9th December 2017, a meeting was held between ICEC and the delegates from Jinan City Foreign Affairs Office for a MoU signing in New Delhi. The meeting was attended by Mr. Li Baijun, Economic and Cultural Counselor, Embassy of People’s Republic of China in India, Mr. Mukesh Kalra, Joint Director, Federation of Indian Micro and Small & Medium Enterprises (FISME), Mr. Wang Wenjian, Chief Secretary, SEPCO1 Electric Power Construction Company, Mr. Ranjit, Indian Representative of SQ Group and Mr. Vikrant, Senior Manager, Electronics and Computer Software Export Promotion Council.
Mr. Mohammed Saqib, Secretary General, ICEC expressed that ICEC as an organization stands to facilitate and develop the trade and cultural relations between China and India, and was happy to receive the delegates from the Jinan City Foreign Affairs Office and looked forward to providing them with any form of support. He also mentioned several initiatives that the organization was taking to provide a platform for the China and India companies to come together such as ‘Smart Urbanation 2018’ for which he invited delegates from Jinan to come and participate.
Ms. Lei Jie, Chairman, CPPCC Jinan Municipal Committee, stated that after having succeeded in signing a sister-city relationship with Nagpur in 2016, there was immense potential to further the relations, especially in regard with exchange of technology and ideas in fields of software development, education, agriculture, urban planning etc. She thanked ICEC for its continuous support to develop the India-China relationship and hoped it would extend the support to ICEC as well.
Mr. Zhang Jun, Head, Jinan Investment Promotion Bureau, thanked ICEC for providing a platform for Indian and Chinese companies to collaborate and mentioned that events such as ‘Smart Urbanation’ are great initiatives that provide a platform for both the countries to invest in industries like infrastructure, renewable energy, digitization etc.
Mr. Li Baijun, voiced that although some problems existed for Chinese investors in regards with land acquisition and labour laws as the system in India was different to that in China, he assured that the Indian government has been bringing in several reforms such as the comprehensive Goods and Services Tax (GST) that aims to make it easier for investors to start business in India.
Mr. Mukesh Kalra, presented a slide presentation that gave several suggestions for the Chinese delegates to understand on how to do business in India. The main points he stressed on included promoting their business in exhibitions where they can find the right local partners to establish a joint venture with, this would help them develop a stronger business plan. Furthermore, he encouraged the investors to focus on long-tern business ventures aimed at technology transfer and manufacturing rather than just selling finished products in India.
Mr. Wang Wenjian, talked about his experience of doing business in India. He stated that SEPCO1 started investing in India with a long-term plan where they first signed a partnership with a local company. With the support of the local company, they have now succeeded in putting up several power plants in India which were in different stages of completion. This enabled the company to generate jobs and provide training to help develop skilled labour. Mr. Ranjit also stated that China should look to manufacture and invest in India as the potential was huge.
Mr. Vikrant promoted the India Soft event, an international B2B networking event organized every year by ESC India to bring Global Buyers and Indian IT companies under one platform. He invited the Jinan City Council to send participants who can find opportunities to do business with the Indian counterparts and maybe also find prospects to collaborate and research on future technology.
ICEC and Jinan signed a MoU to further develop their relationship and ICEC promised to extend their full support to the delegates in finding the right partners and opportunities in India.